The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-10-28
CONDITION OF THE MARKETS
ALI Commodities Little Easier, but No
Special Features Are Developed.
Wheat Opens Fairly Steady and Shows In
creasing Strength-Corn Moderately Act
i've and Firm-Provsions Lower.


The New York Market Irregular, Interest Be-
Ing Absorbed by Few Stocks.
NEW YORK, Oct 27.-Money cali
easy at 81 to 4 per cent, closing offered at IL
per cent
Prime mercantile paper. cas- per cent.
Sterling exchange dull but firm at 81 s1s
for sixty-day bills. and 1875! for demand.
The. total sales Of stocks to-day 24s. 31s
shares. including the following Delaware.
Lackavanna e. Western, 1915; Erie, 500,
Kansas & Texas, $685.; Lake Shore, 5.9ls;
Louisville 81 Nashville, 4172: Missouri Pacific,
1898; Northwestern, s,410; Reading, 1880;
Pacific Mail. 3,175. St Paul, 34lS0; Union
Pacific, 4.475; Western Union. 80, 600.
The stock market less active to-day, and
its movements were quite irregular. though the
interest was absorbed by few stocks which
ware affected by influences, peculiar TO them
selves. The general sentiment still buIlish.
but the traders in favor of reaction. and
in the absencs of any great demand for stocks
succeeded in keeping prices down to the level of
last night. Groat pressure was brought against
the Gould stocks. and Kansas % Texas was sold
down a rumor that 1t would have receiver
In a short time. Missouri Pacific followed. and
Western Union suffered to limited extent.
The traders forced the general list off. but the
recovery was fully equal to the decline. Late in
.he day Western Union became very strong on
rumor which was in some measure, cocrobo-
agreed to advance rates. Manitoba also
prominent in the advance. In the unlisted de-
partment Cotton-seed Oil was very strong all the
way out, on the announcements that the Stand
ard OIL people control and the election
OF Mr. Flagler to the presidency OF the COMPANY.
While Reading was active as usual, it's fuctu-
atoms were small and unimportaut, as were also
those of St. Paul and New England.
The opening firm to strong at
advances Of from / to per cent,
ard further fractional gains
made in the early trading. Michigan Central and
Hooking Coal being leaders. The list was weak
after the first hour, however. and the Gould
stocks became prominent for the declines estab-
lished. Extreme dizziness was the leading feat
IRE in the afternoon, but prices recovered, with
Western Union most conspicuous for strength.
The firm tons lasted iill the close. which
quiet at close 10 the opening figures in most
cases. Closing prices show irregular changes,
though advances are In a majority, and the only
important decline was in Kansas and Texas,
which lost II cent Manitoba is up per
cent; Oregon Navigation and Western Union,
j per cent. each.
Railroad bonds were quiet and a general
thing firm though the Kansas 81 Texas rumor
depressed the securities of that road. and, to q
certain extent. the general list Final figures,
however, higher in majority OF cases.
Chesapeake g. Ohio, series B, coupon off,
81, to So JERSEY Central debentures. A. to 107;
Denver & Rio Grande Western frsts, 3, to 70;
Virginia Midland general. II. to 794. and Mil
waukee, Lake Shore dS Western incomes. Al. to
995s Northern Pacific terminals lost 81, at 983.
Government bonds were dull. but firm.
State bonds were quiet, but steady. Closing